Hello my Fellow TraderZ,
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern
2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume.
Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket.
Happy Trading . CHEERS !!!
Today we going to analyse the chart of the BEAST In-Survival - $XRP.
On DTF, we can see here #RIPPLE is forming an Inverted HEAD & SHOULDER Pattern. The break of the TrendLine is done and a Retest in progress.
Well, we have Two Scenarios here :
1. Price closes the Daily candle above the both EMA55 an Neckline of the Inverse H&S which will maintain the validation of this pattern
2. Price closes the Daily candle again below the Neckline and EMA 55 which would invalidate this pattern further. This is more likely as the Today's SELL volume is stronger than the previous Days' volume.
Keep an close eye on $XRP in both the scenario as this WEEK will be very volatile on either side for Global Maket.
Happy Trading . CHEERS !!!